APENFT - a service for tokenization of art objects and subsequent work with them in the form of NFT tokens. The team says the project will bring world-class art to the NFT space and make even high-end works of art, available to the general public for a small fee.
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Description of APENFT
This is a tool to create art as NFT tokens on Ether and Tron. The main goal of this project - to create a channel between artists and the NFT industry. APENFT service was officially registered in Singapore on March 29, 2021 to seize opportunities and address pain points in the industry. The main activities of APENFT include:
- investing in the best NFT platforms and art, incubating leading NFT artists to build a bridge between world-class artists and the NFT world;
- sponsoring galleries, organizing art exhibitions or publications, or establishing awards to support artistic creation and criticism;
- creation of art collections.
By applying blockchain technology to the NFT world, APENFT Fund expands the possibilities of using blockchain. The fund purchases well-known traditional art and NFT art as underlying assets and works to improve the standard of NFT trading. It provides support to government agencies, universities, lawyers and industry elites in developing policies to guide the healthy development of the industry.
Project benefits
Currently, there are three main use cases in the blockchain industry, namely, exchange of value, collaboration and record keeping. The unique NFT fits all three use cases. This is not only a hot trend in the blockchain industry, but also an important element that will most likely revolutionize the industry and take it to the next level. The uniqueness of the project lies in the following:
| Art | APENFT will invest in works of art and promote traditional and digital art by leveraging its strengths in technology, market, industry and policy research with the goal of bringing blockchain to various use cases. |
| Blockchains | APENFT is powered by the core technology of the top-notch Ethereum and TRON blockchains, with support for the world's largest distributed storage system, the Bittorrent File System (BTFS). |
| Token | APENFT and its NFT token operate on the Ethereum and TRON public network in accordance with the ERC721 / TRC721 standard and are permanently stored in the BTFS decentralized storage system. |
Community members are discussing and expanding the specifics of contracts that will be voted on through the NFT. They will be carried out, according to the majority rule. In the future, NFT aims to expand its application in DeFi projects to increase connectivity. TRON currently has a total user base of over 30 million, with over 1.8 billion transactions, the world's largest stablecoin circulation, and a rich and prosperous blockchain business ecosystem.
Buying and selling tokens
Airdrop NFT Defi and mining will be completed within 23 months from June 2021 to April 2023. The offer is 19% of the total offer. A monthly supply of 7 billion NFTs will be issued between July 2021 and March 2023. The best cryptocurrency exchanges to trade APENFT shares currently are:
- OKX;
- CoinTiger;
- Huobi Global;
- KuCoin;
- Gate.io.
The native APENFT token is proposed and regulated by the community, and its functions are regulated by smart contracts, while all information is available on the network.